MD's son exercise ESOS then disposed "to create panic " to small shareholder before Q3 results. While HIS Father can use his cronies to sapu all the cheap shares from market . Lolz or either way Father didn't give pocket money to son to go Happy KTV. Need money pay girls.
Announced : Revenue for the current quarter of RM37.0 million was 22% lower compared to RM47.3 million for the preceding quarter, due to deferment of delivery to both local and international customers in this quarter.
Why they choose to defer instead of recognition ? It can be recognized as sales if finish good but not delivered.
As per AGM minutes, they are achieved 139m sales as per 18th August 2020. (See below)
The sales are recognised when the products are delivered / transferred to customers. In addition, finished goods produced according to orders received (but not delivered) as of quarter end will also be recognised as revenue to be in line with the accounting standard, MFRS 15, effective from 1 January 2018. Thus far, based on the actual to-date amount, the Company has achieved about 88% of last year turnover. The Management strongly believes that the turnover would improve this year as compared to last year.
According to sources, MD is trying to accumulate and buy more shares via his cronies at cheaper price and then seek for Board Control next year as he is not happy with his other board members.
Therefore, trying to ensure the squeeze all small shareholders out by creating unnecessary panic . A simple scenario of money play , greed And obsessed of power .
The result are not very bad as long as post profit. Short term sell down are normal due to lower Qtr revenue/profit but mid term shall able to stay above 75 cents level. I have confident the company will continue to be profit although not record breaking profit.
Those who listened to so call Stock Guru might facing selling pressure tmr, good luck to those speculators. It is only safe to enter at 60cts level for mid term investment.
real boombastic result haha. too bad the shipment cant deliver in that quarter but hey that qr is July to Sep, we are in Nov brother and sis. They are BZ shipping goods while we whinning
As I mentioned earlier, disappointment qr to b expected. Dun b too optimistic at their next qr too. Really not worth to buy in at current price level guys or else u shall regret very soon.
Next qr when the backlog all together count in u will see the boom boom qr. next QR will be oct to dec, compare to just release qr june to sep, how is the covid situation? Tomy doing F&B plastic packaging think about tat
Everyday few million shares volumn and the price supported at above 75cents. There must be someone with deep pocket keep buying. Otherwise, it will continue to drop further.
KYM is only company yet to report earning among all Carton Box counter. Can't wait to see KYM earning report soon. Uptrend till report out and continue to fly if best earning.
Well done for Carton Box counter today. Master/PPHB/Tomypack unfortunately closer little red today. Maybe awaiting for other Carton Box counter and move up together. We only can enjoy joy together if all Carton Box move together. (Like Healthcare & Furniture counter).. Cheer to all...Continue uptrend tomorrow.
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Posted by asmpenang > 2020-11-19 21:40 | Report Abuse
This qtr just need to show positive figure or higher than last qtr. The share price will slowly climb upward.